Review for Texas Extra Credit Education Loan from EECU. Categories: Personal Student Loans. Store Rating: 8 out of 10 stars. Usability Rating: 7 out of 10 stars. Value for Money Rating: 8 out of 10 stars. Deals Rating: 7 out of 10 stars. Review Details: EECU is an American organization that stands for Educational Employees Credit Union. Among their services they offer Texas Extra Credit Education Loan. It is developed for Texas residents in order to help them pay for college if the full cost of education can’t be covered by scholarships, federal aid and grants. This program is a smart financial decision and you will spend as little as 15 minutes on the completion of your loan application online.
Speaking about the features of this program, we must remember about their competitive fixed interest rates which start as low as LIBOR + 2.49%, while the competitive fixed interest rates start at 4.49%. Also, this credit union allows everyone to use loans for past due balances, so you can borrow from $1,000 to $65,000 every year. Education Employees Credit Union doesn’t require those people, who get a loan, to have Satisfactory Academic Progress.
Furthermore, there are some benefits which can convince you that it is very useful to be provided with a loan by the EECU. For instance, there will be cosigner release after the first 24 consecutive on-time montly loan payments, as well as you can get 0.25% interest rate reduction just for graduating and 0.25% reduction for auto-debit payments.
Speaking about the repayment, it is important to stress that you have a possibility to choose from one of three repayment options which are called Immediate, Interest-Only and Fully Deferred Repayment.
EECU helps young people and students realize their dreams of education. You had better use this program in order to make your dreams come true.